GAN and Incredible Technologies, Inc. announce agreement to Develop 10 New Games

GAN has long been an online publisher and distributor of game theme titles for world leading manufacturers, and has enjoyed a strong relationship with Incredible Technologies, (IT) for over four years. This latest contract between IT - a leading US designer, developer and manufacturer of Class III land-based slot games - and GAN is for the development of 10 online casino games over the course of the next two years. The agreement grants GAN the ability to license IT’s most popular new game content, including premium land-based game assets, math, and development integrity. GAN re-engineers and optimizes this content for play in the online space. These games will be provided for GAN partners online via desktop and mobile devices, and will be provided globally to GAN partners across GAN's proprietary social offering, Simulated Gaming™, and Real Money gaming product.

This new agreement further enhances GAN’s four year old partnership with IT, through which 10 games have already been released bringing the combined total to an industry leading 20-titles by 2018. GAN is delighted to continue to bring top-performing games from IT’s high quality land-based catalogue to the online space. The most recent IT products provided to GAN casino partners were Medusa: The Quest of Perseus™ and Leonidas: King of the Spartans™ in Q4-2015, and Money Rain® in January 2016. In addition, IT’s Crazy Money® was the top performing slot game on Betfair online’s New Jersey real money gaming platform last year.

Agreement Highlights

10 new games to be provided over two years, doubling the current content library of Incredible Technologies on the GAN GameStack™ IGS Platform to-date

Furthers GAN's relationship with IT, a rising star in US Class III land-based slots available in roughly 23 states

Permits GAN to continue its commitment to provide the highest quality games to its partners across the globe

Dermot Smurfit, CEO of GAN commented:

“I am pleased to announce this new agreement between GAN and Incredible Technologies. The relationship between the companies over the last four years has proved profitable for both parties, and I’m excited to be able to continue that over the next two years. Furthermore, this agreement will permit GAN to continue to supply the highest quality games to the market, and cement our position as the industry leader.”

Elaine Hodgson, President and CEO at Incredible Technologies commented:

“Inking this agreement with our partners at GAN could not have come at a better time. Since the launch of our Infinity platform in 2015, Incredible Technologies’ gaming sector has undergone record growth year over year – seemingly at the same time our partners at GAN have built tremendous momentum in the online space in social and real money gaming. This agreement marks the true spirit of a mutually beneficial partnership that leverages both companies expertise and we’re excited to watch it grow.”

About Incredible Technologies, Inc.

Incredible Technologies is a Class-III gaming manufacturer focused on delivering compelling video slot content to the modern day casino floor in roughly 23 US states. The company is located in the Chicago suburb of Vernon Hills, Illinois and specializes in the design and development of digital entertainment products to game operators and players. Incredible Technologies is the largest manufacturer of coin-operated video games in the United States with its flagship product, Golden Tee® Golf, recognized as the most-successful pay-to-play video game in history.

Incredible Technologies is an associate member of the National Indian Gaming Association, Association of Gaming Equipment Manufacturers and is a certified Women's Business Enterprise.

Launched in the US by GAN in January 2014, Simulated Gaming™ has been proven to monetize Internet traffic to existing websites operated by land-based US casinos with average revenue per daily active user (ARPDAU) of $2.75 in 2014 and $2.82 in H1 2015, as against an orginal estimate of $0.60, greatly exceeding equivalent numbers reported by Social Casino operators on Facebook.

​

​Supported by 66 months' operating data across six(6) major US casino's deployments, Simulated Gaming™ is now proven to drive increased visitation on-property and in 2014 delivered on average a 28% uplift in on-property theoretical win from increased visitation by existing patrons who also engage with Simulated Gaming™ online.

​

US casino operators report up to 50% of their surveyed casino patrons are already engaged in playing Social Casinos on Facebook. Simulated Gaming™ enables land-based US casinos access to the Social Casino market worth an estimated $3.3bn per annum worldwide in 2015 (source: Eilers Research) and is proven to increase property visitation among existing patrons, reactivate lapsed patrons bringing them back on-property and drive acquisition of new patrons from outside the typical drive distance to the property.

GAN | Overview

GAN is a leading developer and supplier of enterprise-level Business to Business gaming software systems and online gaming content. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAME

The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses to online and land-based gaming operators as a turn-key technology solution for both regulated real-money and simulated online gaming. The Internet Gaming System, developed in London under a UK Gaming Commission licence, is certified to the highest technical standards currently required by gaming regulators.

GAN is also a leading developer of proprietary online games with a complementary business converting offline casino slot machines and table games into online equivalents on behalf of major land-based slot machine manufacturers including Aristocrat, Konami, Multimedia Games (Everi Holdings), Incredible Technologies, GamoMat, Reel Time Gaming, High Flyer Games, DEQ Systems Corp (EZ BACCARAT®) and Ainsworth.

GAN has an established business in Europe, licensing gaming content to UK, Spanish and Italian gaming operators including Bet365, Rank, Lottomatica, Sisal MatchPoint and SNAI.

In the United States, GAN has partnered with Betfair Plc to provide its Internet Gaming System following the introduction of regulated real-money online gaming in New Jersey in November 2013. In New York, GAN has launched a Simulated Gaming™ website via Empire City Casino in September 2014. In Pennsylvania, the Company launched a Simulated Gaming™ website with Parx Casino in March 2015 with on-property real money mobile gaming anticipated in 2016. In March 2015 Maryland Live! Casino in Maryland chose GAN to upgrade their existing free-to-play website to a monetized Simulated Gaming™ website, launched in early August 2015. Also in August 2015 major Californian Tribal casino operator San Manuel chose GAN’s Simulated Gaming™ and launched in November 2015. In December 2015 Borgata Hotel Casino & Spa in New Jersey chose GAN to launch a Simulated Gaming™ product in the first half of 2016, as did one of the United States largest regional casino operating groups, Isle of Capri. In February 2016, GAN announced a deal to provide Simulated Gaming™ to Rock Gaming LLC, a leading Midwestern casino group.

In Australia, GAN has partnered with and launched for a consortium of land-based gaming venue operators the www.Club8Casino.com.au Simulated Gaming™ website

Recent News

London & Dublin - February 15, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today updated the market following the publication on February 13, 2019 by the New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of January 2019 in New Jersey.

GAN Quarterly Q4 2018 Key Performance Indicators

London & Dublin - January 17, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announced the release of quarterly key performance indicators for the fourth quarter of 2018, highlighting exceptionally strong momentum with all business units of the Company (Real-Money Gaming, Simulated Gaming, Online Sports Betting) operating at record levels in Q4 2018.

GAN Announces Major US Expansion with the FanDuel Group

London & Dublin | January 10, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announced the signing of a material long-term deal with the FanDuel Group (“FDG”) to be FDG’s Platform for rapid deployment of Internet casino, and account services for Internet sports betting in Pennsylvania (pop. 13M) and West Virginia (pop. 1.8M), in addition to the existing services provided since 2013 by GAN to FDG in the State of New Jersey (pop. 9M).